Shytoshi Kusama, the driving force behind Shiba Inu, shared a comprehensive update on Shibarium, its Layer 2 solution. Despite recent obstacles, Kusama’s update reveals both challenges and progress.
In a recent blog post, Kusama indicated that Shibarium has undergone significant improvements to enhance transactions. This follows an incident on August 17 where transactional issues locked around $1.7 million ETH within the Shibarium cross-chain bridge.
This incident raised concerns about Shibarium’s strength and potential centralization. The project team’s silence amid uncertain transactions left users in limbo.
Acting swiftly, auditors were brought in to assess vulnerabilities, coinciding with the Ethereum Bridge’s collapse. Amid these challenges, Kusama’s August 22 post stated the network is now “ready,” with successful block production despite ongoing testing.
Kusama detailed technical enhancements, including a new monitoring system and safety mechanisms such as rate limiting and automated server resets during high traffic, to ensure smoother experiences.
The post conveyed the team’s confidence, indicating readiness for public reopening. Additional validators on August 23 will offer users more options for staking ShibaSwap Bone (BONE) tokens.
Kusama also announced plans for “ShibPaper,” demonstrating dedication to innovation despite setbacks. He acknowledged launch challenges due to high traffic causing technical issues and asset lockups.
Meanwhile, the Shiba Inu (SHIB) token faced challenges, declining 2.08% in 24 hours and 22.06% over the week.
As the Shiba Inu community navigates fluctuations, attention remains on Shibarium’s evolution, anticipating stable progress.
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